Director/PDMR Shareholding

RNS Number : 6919O

Industrials REIT Limited

13 June 2022

 

INDUSTRIALS REIT LIMITED

(formerly Stenprop Limited)

(Registered in  Guernsey )

(Registration number 64865)

LSE share code: MLI   JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

13 June 2022

Notification and public disclosure of transactions by Directors, in accordance with the Market Abuse Regulations.

Shareholders are advised of the following information relating to the acceptance of nil cost options awarded on 10 June 2022 under the Industrials REIT Limited Long-Term Incentive Plan (the "LTIP"). The nil cost options awarded under the LTIP will vest on 10 June 2025 subject to certain vesting conditions having been met, including performance targets set by the Remuneration Committee prior to the awards being made. Assuming that the performance targets are met in full at the end of the performance period, the nil cost options will result in the issue of 820,971 shares.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Arenson
2	Reason for the notification
a)	Position/status	Chief Executive Officer of Industrials REIT Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction	Off-market acceptance of nil cost options in terms of the LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.8029	364,601
d)	Aggregated information
	- Aggregated volume	364,601
	- Price	£657,339.14
e)	Date of the transaction	2022-0 6-10
f)	Place of the transaction	off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Carey
2	Reason for the notification
a)	Position/status	Managing Director of Industrials REIT Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction	Off-market acceptance of nil cost options in terms of the LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.8029	350,313
d)	Aggregated information
	- Aggregated volume	350,313
	- Price	£631,579.31
e)	Date of the transaction	2022-0 6-10
f)	Place of the transaction	off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Beaumont
2	Reason for the notification
a)	Position/status	Chief Financial Officer of Industrials REIT Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction	Off-market acceptance of nil cost options in terms of the LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.8029	106,057
d)	Aggregated information
	- Aggregated volume	106,057
	- Price	£191,210.17
e)	Date of the transaction	2022-0 6-10
f)	Place of the transaction	off-market transaction

Shareholders are further advised of the following information relating to the acceptance of nil cost options awarded on 10 June 2022 under the Industrials REIT Limited Deferred Share Bonus Plan (the "DSBP"). One third of these nil cost options vested immediately, with the second third vesting on 31 March 2023 and the last third vesting on 31 March 2024. Once fully vested, they will result in the issue of 185,897 shares.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Arenson
2	Reason for the notification
a)	Position/status	Chief Executive Officer of Industrials REIT Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction	Off-market acceptance of nil cost options in terms of the DSBP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.8029	82,583
d)	Aggregated information
	- Aggregated volume	82,583
	- Price	£148,888.89
e)	Date of the transaction	2022-0 6-10
f)	Place of the transaction	off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Carey
2	Reason for the notification
a)	Position/status	Managing Director of Industrials REIT Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction	Off-market acceptance of nil cost options in terms of the DSBP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.8029	79,346
d)	Aggregated information
	- Aggregated volume	79,346
	- Price	£143,052.90
e)	Date of the transaction	2022-0 6-10
f)	Place of the transaction	off-market transaction

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Beaumont
2	Reason for the notification
a)	Position/status	Chief Financial Officer of Industrials REIT Limited
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction	Off-market acceptance of nil cost options in terms of the DSBP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.8029	23,968
d)	Aggregated information
	- Aggregated volume	23,968
	- Price	£43,211.91
e)	Date of the transaction	2022-0 6-10
f)	Place of the transaction	off-market transaction

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.

For further information:

Industrials REIT Limited   Paul Arenson ([e-mail]) Julian Carey ([e-mail]) James Beaumont ([e-mail])	[phone]
Numis Securities Limited (Financial Adviser) Hugh Jonathan Vicki Paine	[phone]
FTI Consulting (PR Adviser) Richard Sunderland Richard Gotla Neel Bose [e-mail]	[phone]
Java Capital (JSE Sponsor)	[phone]

About Industrials REIT:

Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com .

 

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